fac-049 · Term loan

Corvina Pharma SA

Facility

Term loan

Currency: EUR
Commitment: €83.6m
Drawn: €78.3m
Undrawn: €5.3m
EAD: €80.9m
CCF: 50%
Margin: 375 bps
Maturity: 22 July 2032
Tenor: 75 months

Covenant monitoring

0 breached, 1 within 10% of the threshold

DSCR

Direction: Minimum Threshold: 1.39 Current: 1.5 Next test: 30 Jun 2026 Quarterly

Net lev.

Direction: Maximum Threshold: 4.49 Current: 3.56 Next test: 30 Jun 2026 Quarterly

ICR

Direction: Minimum Threshold: 2.86 Current: 4.06 Next test: 30 Jun 2026 Quarterly

Collateral

Net of supervisory haircuts

Collateral

Currency

Valuation

Valuation (EUR)

Haircut

Net value

Last valued

Basis

Real estate

EUR

€111.7m

34%

€73.6m

23 Apr 2025

Internal model

Equipment

EUR

€107m

35%

€69.6m

12 Feb 2025

Independent appraisal

Total

€143.2m

Tenor

75 months

Quarter

Commitment

Drawn

Undrawn

Δ Drawn

Utilisation

2026-Q1

€83.6m

€78.3m

€5.3m

n/a

94%

2026-Q2

€80.3m

€75.1m

€5.1m

-€3.1m

94%

2026-Q3

€76.9m

€72m

€4.9m

-€3.1m

94%

2026-Q4

€73.6m

€68.9m

€4.7m

-€3.1m

94%

2027-Q1

€70.2m

€65.7m

€4.5m

-€3.1m

94%

2027-Q2

€66.9m

€62.6m

€4.3m

-€3.1m

94%

2032-Q1

€3.3m

€3.1m

€213.7k

-€59.5m

94%

2032-Q2

€0

-€3.1m